Cue Health Inc (NASDAQ: HLTH) is 78.46% higher on its value in year-to-date trading and has touched a low of $0.16 and a high of $2.37 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HLTH stock was last observed hovering at around $0.26 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $0.29, the stock is 12.60% and 24.71% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.69 million and changing 9.85% at the moment leaves the stock -21.86% off its SMA200. HLTH registered -85.54% loss for a year compared to 6-month loss of -55.38%. The firm has a 50-day simple moving average (SMA 50) of -$0.09 and a 200-day simple moving average (SMA200) of $0.08.
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The stock witnessed a 16.00% gain in the last 1 month and extending the period to 3 months gives it a -3.49%, and is 16.00% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 10.67% over the week and 10.36% over the month.
Cue Health Inc (HLTH) has around 1515 employees, a market worth around $44.83M and $198.91M in sales. Profit margin for the company is -128.97%. Distance from 52-week low is 78.46% and -87.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-59.41%).
Cue Health Inc quarterly earnings per share for the current quarter are estimated at -$0.44 with sales reaching $17.68M over the same period.The EPS is expected to grow by 43.71% this year, but quarterly earnings will post -85.60% year-over-year. Quarterly sales are estimated to shrink -88.00% in year-over-year returns.
73 institutions hold shares in Cue Health Inc (HLTH), with institutional investors hold 56.47% of the company’s shares. The shares outstanding are 150.41M, and float is at 105.14M with Short Float at 0.82%. Institutions hold 49.04% of the Float.
The top institutional shareholder in the company is Acme, LLC with over 15.24 million shares valued at $5.62 million. The investor’s holdings represent 9.93% of the HLTH Shares outstanding. As of Jun 29, 2023, the second largest holder is Koch Industries, Inc. with 12.88 million shares valued at $4.75 million to account for 8.39% of the shares outstanding. The other top investors are Oakmont Corporation which holds 9.6 million shares representing 6.25% and valued at over $3.54 million, while Decheng Capital Management III (Cayman), LLC holds 5.85% of the shares totaling 8.98 million with a market value of $3.31 million.
